Product Information


Forecast 5 has been designed to eliminate the time-consuming task of producing spreadsheets to create financial models and having to modify them as business assumptions change.

Using Forecast 5, it can take just 30 minutes to complete your first forecast and instantly view a variety of reports including integrated Profit and Loss, Cash Flow, Funds Flow and Balance Sheet forecasts.

Forecast 5 allows you to create forecasts for your business or operation that can either be as detailed or as high level as you need as well as allowing you to consider the future of your business from as many angles as you can imagine. For example “What if the costs of raw materials increase by 10%?” or “Can I afford to increase my advertising spend?”



Features

Actuals & Variance Reports

Import your actuals and look at variances on Profit & Loss and Cashflow reports.

Stock Made

For bills of material. Use components to transfer labour and overheads to the production. Link to units of sale.

Consolidation

Create separate forecasts for business units in own currencies and consolidate to get a comprehensive overview.

Extent

Forecast 15 years long term capital expenditure or extend and see the projected growth allow increases on sales expenses costs to be modeled.

Wages, Employee Groups, Pensions, Tax

Model wage by employee or groups. Recognise tax and pensions compliant for United Kingdom, Australia and New Zealand.

Hotlink

You can ‘hot link’ your forecast to spreadsheets. Change the data in the link and your forecast is automatically updated. Import from accounting software.

Departments & Cost Centres

Use departments to generate trading P&L Sales, less costs, and use folders to group costs centre expenses down to 5 levels.

Accruals & Prepayments

Manage accrual and prepayment records. Correctly recognise the expense and accrue/prepay the balance sheet entry until the invoice is received.

Fixed Assets, Loans & Factoring

Model the balance sheet with fixed assets, depreciation and financed assets. As well as loan to and from the entity along with factoring of debtors and stock.

Multiple Users, User Management With Restricted Views

Manage multiple users by restricting which forecasts they can see. If you have two branches, you are able to keep forecasts separate from each other.

What If Scenarios

Model what if sales increase or decrease 4% year on year expenses. See the impact and save as a new forecast, reset or make the new figure the base forecast.

Rolling Forecasts

Enter revised rolling forecasts each month, compare your budget to actuals and to revised projection. Reforecast forward the length of your budget and report variances against rolling or original.

Stock

Stock budgeting allows you manage the balance sheet value by stock days on hand, values, batches or different methods. Recognising the stock holding and purchasing changes that can happen and see the potential impact that this has on your cashflow.

Foreign Currency & Foreign Currency Bank Accounts

Model your forecast or some sales or costs records in a different currency. Select a currency and enter a monthly exchange rate. Model that through your overseas currency bank accounts and reflect exchange movements.

Comprehensive

Produce the reports you need for a complete financial forecast, including cash flow, profit & loss and balance sheet. Forecast your sales revenue, wages costs, direct costs, overheads and including balance sheet items like fixed assets, debtors, creditors and bank accounts. Easily create a forecast in the format required by your bank.

Integrations

Integrations with Xero, Sage 50 Accounts, MYOB Exo and Sage 300 are available and allows users to import data direct from their financial application, eliminating the time-consuming and error-proned task of manually keying figures.




Benefits

User Friendly

Simple and easy-to-use interface. Following the design of Microsoft Office for that familiar look and feel you love and trust.

Multiple Currencies

Enter sales and costs in their own currency. Consolidate foreign subsidiaries. Maintain foreign currency rates by month and foreign currency bank accounts.

Error-Free Forecasting

Many spreadsheets contain errors. Forecast 5 uses double-entry in its calculations to give you complete confidence in the accuracy of your forecasts.

Easily Understood

Forecast 5 forecasting has been constructed in such a way that you don’t need any prior knowledge or experience of forecasting. You can start creating your forecasts as soon as you load the program.

Save Time

Faster than Excel as Forecast 5 is designed to prepare your budgets and forecasts from your financial data. Easily extends to multiple years without effort or error. Nothing better than a purpose written program.

Integrated Report Set

Full Profit & Loss, Cash flow, Balance sheet, Funds flow and supporting schedules included. Raw data for each business activity is entered on easy-to-use screens and is used to generate all of the reports.

Import Data

With Forecast 5 you can import your accounting data easily by creating forecasts in a fraction of the time it currently takes. Because the information is imported from your accounting package you can be sure that it’s accurate.

Taxation

GST, VAT, Income Tax and PAYE can considerably affect your cash flow and net profit. They are also complex areas to understand. Forecast 5 will automatically calculate these values for you and work out when they will affect your cash flow.

Financial Planning

Re-forecasting based on actual results is so quick that budgeting and financial planning becomes a monthly business process. Create rolling forecasts and revise projections as you wish and report on the original or forecasted figures.

Professional Features

Designed by accountants with accountants in mind. Includes a wealth of features to help you produce forecasts in the format you need. Many methods of calculating budget figures, e.g. Calculate by units, Profile, % of sales, Costs etc.

Full Double Entry Rigour

Forecast 5 makes sure that when you enter one value that all associated accounts such as Debtors, Creditors, the Bank account and GST are updated. The values within your forecast will always balance and you no longer have to worry about reconciling your accounts.

Reporting

Ready-to-use reports. Print report data for months, quarters, years or a mixture. Rename headings to fit your business. Customise and save your reports. Export to Excel for graphing. Detailed, comprehensive and fast. Produce integrated Profit and Loss, Balance Sheet and Cash Flow forecasts up to 10 times faster than with a spreadsheet.



License Information

Lite License

One user, one installation activation and limited to one forecast.

Single Computer License

One user, one installation activation, unlimited forecasts

Network License

One user, unlimited installation activations, unlimited forecasts.

Network License with Consolidation

One user, unlimited installation activations, unlimited forecasts, unlimited consolidations

Single Computer License with Consolidation

One user, one installation activation, unlimited forecasts and unlimited consolidations


Add-Ons

Administrator Pack

Define and control your users, their permissions and their details. Define user groups and assign forecasts and users to groups

Additional Users

Purchase additional users to allow more workers access at one time (Note: only available with a Network license).

Laptop License

Purchase an additional license for to enable access to your laptop (Note: only available in conjunction with a full license).

Integration

Purchase the integration to your financial package. Integrations available: Xero, Sage 50 Accounts, Sage 300 and MYOB Exo.

Call us today at +64 9 820 9960 or Email us at sales@forecast5.com

We strive to provide quality solutions as well as top notch service!